GREY:ZARFF - Post by User
Comment by
BobTheKnob2on Aug 13, 2020 11:23pm
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Post# 31406712
RE:death watch
RE:death watchI guess the answer is - about three months, or maybe a bit longer.
From the press release announcing the second quarter financials (first paragraph):
FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2020)
- The Company may be required to seek formal creditor protection in the very near term. There is material uncertainty surrounding the Company’s ability to continue as a going concern that creates significant doubt as to the ability of the Company to meet its obligations as they come due. Therefore, the Company may be unable to realize it assets and discharge its liabilities in the normal course of business.
Wildcattter wrote: all production shut in, how long can zar exist with no money coming in? answer is, not very